Utilize este identificador para referenciar este registo: http://hdl.handle.net/1822/23035

TítuloOil shocks and the euro as an optimum currency area
Autor(es)Conraria, Luís Aguiar
Rodrigues, Teresa Maria
Soares, M. J.
Palavras-chaveOil prices
Business cyles
the Euro
Optimum currency areas
Wavelet analysis
Data2013
EditoraUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
Resumo(s)We use wavelet analysis to study the impact of the Euro adoption on the oil price macroeconomy relation in the Euroland. We uncover evidence that the oil-macroeconomy relation changed in the past decades. We show that after the Euro adoption some countries became more similar with respect to how their macroeconomies react to oil shocks. However, we also conclude that the adoption of the common currency did not contribute to a higher degree of synchronization between Portugal, Ireland and Belgium and the rest of the countries in the Euroland. On the contrary, in these countries the macroeconomic reaction to an oil shock became more asymmetric after adopting the Euro.
TipoworkingPaper
URIhttp://hdl.handle.net/1822/23035
Versão da editorahttp://new.nipe.eeg.uminho.pt/Uploads/NIPE_WP_01_2013.pdf
Arbitragem científicano
AcessoopenAccess
Aparece nas coleções:NIPE - Documentos de Trabalho

Ficheiros deste registo:
Ficheiro Descrição TamanhoFormato 
NIPE_WP_01_2013.pdfNIPE WP 01/2013686,07 kBAdobe PDFVer/Abrir

Partilhe no FacebookPartilhe no TwitterPartilhe no DeliciousPartilhe no LinkedInPartilhe no DiggAdicionar ao Google BookmarksPartilhe no MySpacePartilhe no Orkut
Exporte no formato BibTex mendeley Exporte no formato Endnote Adicione ao seu Currículo DeGóis